I like reading through the news app on my phone off and on throughout the week as a way to step back from my spreadsheets and research papers and tune into what is going on in society and what the large news outlets are touting at the moment. One prominent message...
Gold Editorials & Commentary
January 17, 2016
With respect to our declared targets this year for Gold (upper 1200s) and the S&P500 (lower 1400s), both markets are directionally off on the right foot through these first two trading weeks of 2016. Given the Media Melodrama over the stock market, 'tis that as...
This week Mr Bear was on the job again, as seen in his report card below. At week’s close the 200 count is up to 12 and we see 3 Dow Jones 2% days in its eight day count. Since Charles Dow began publishing his stock average in 1885, you seldom see the Dow’s 200...
January 16, 2016
First I must offer an apology of sorts for being in absentia for an extended period of time. I would imagine that those of you who struggle to keep up with the demands of work, family, and everyday stresses understand this, but I apologize anyway. There are links on...
An absolutely horrific week for stock markets with any attempt at a bounce being sold hard with much of the weakness occurring overnight in the futures, which makes it very dangerous to try to trade at the moment.
The market remains in free fall. New lows are the only measure that matters…and they will quickly disappear when this period of weakness ends. I expect the major averages to be lower on Friday January 22 than they were on Friday January 15.
Despite last week’s historic travails, there has been no rest for the weary - as equity markets remain volatile and under pressure through most of this week’s early sessions. Finding a late day bid on Monday deep around 1900 on the S&P500, the index quickly...
On days when lots of financial numbers are released, the normal pattern is for some to point one way and some another, giving everyone a little of what they want and overall presenting a reassuringly muddled picture of the economy.
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
January 15, 2016
Technical Analysis of The Market Via Videos.
United States equities have long been skating on thin ice. It appears they have finally collapsed through it, and are now treading water before sinking deeper. From an historical standpoint they have arguably been overpriced for most if not all of the past twenty...
The US stock markets have suffered their worst early-year losses in history in young 2016, an ominous proof that a major trend change is underway. The Fed’s new tightening cycle is already slaying recent years’ extraordinary easy-Fed-fueled stock-market levitation...
It’s been crazy so long it feels like normal… Several $ Trillion in global debt “pays” negative interest. Loan your capital to an essentially bankrupt government and lose a portion of that capital every year! Strange and crazy!
2015 was a troubling year for the financial markets.
Is the market's trading action the first week of the year significant? The importance of trend lines. What do secondary indices tell us about the major ones?
We all know that gold prices in US dollars have been in a downtrend for about 4.5 years. We all know that gold prices rise on average as the underlying currency declines in value. Gold in the US dollar was priced under $21 per ounce when the Federal Reserve was...
India is the largest consumer of gold in the world, accounting for around 26 percent of demand in 2015. Since India does not produce any gold, the country has to import all the yellow metal. In order to stop the outflow of foreign currency and to decrease the...
That didn't take long. A month after the Fed's dreaded quarter-point interest rate hike, the markets tank and then come the talking heads to promise that whatever is bothering traders, Daddy will make it right.
The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13%, while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did not mount much of a rebound...
January 14, 2016
The banks were considered too big to fail because it would have bankrupted the USA…and thus its reserve currency…and thus it worldwide hegemony, the ability to finance its military power by being able to use the printing press as long as they can maintain keeping...
The US dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior? The London spot price of the shiny metal, in U.S. dollars, declined 9.56 percent from $1172 to $1060 last year, marking its...
The commodities bust may be about to claim some brand-name victims:
I must say that I continue to be amazed at how “CALM” things are in these equity markets in spite of the significant chart breakdowns that are now being seen in so many different sectors. Look at how meager the move higher in the VIX has been especially compared to...
The implications of this 60-year quarterly chart for the CRB index is staggering if it completes this impulse move down, which so far has been working out beautifully. Again on this massive time scale you can see an unbalanced Head&Shoulder top that measures out...
UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks…and that as per the headline of their ‘Technical Outlook 2016′, it is time to “buy gold”.
Similarly to what we did yesterday, the WGC pointed out that the gold was down in 2015 in the U.S. dollars, but not in all currencies. It also wrote: “more than 90% of physical demand coming from outside the US, primarily from emerging economies.
January 13, 2016
Wednesday Jan 13th was a wild session for US equities and many great trading opportunities are about to take place in various indexes, sectors and commodities. Let me share with you two intraday updates I sent to subscribers during the trading session so you can get...
As the presidential primaries quickly approach, the establishment is in panic mode over the prospect of losing control. It’s not just about Donald Trump. The political class, the “mainstream” media, Wall Street, and the central banking cartel are all losing...
Another reason I believe a new bull market in gold is upon us towards the end of 2016 is due to interest rate and stock market price correlation movements that one can see on the chart below.
As stock markets all over the globe start the week with more cliff diving, following their worst opening week in history, I’d like to take this opportunity to jam my finger in the central bank’s eye. The Federal Reserve’s recovery plan — which I’ll call “Goliath”...
